1 / 5

A PCB Engineer's Complete Guide to SMT Stenciling

Compact and efficient PCBs have transformed electronics production. They have facilitated the elimination of tedious hand-wiring by electronic makers, leading to greater automation of circuit manufacturing. SMT PCB stencils and high-tech placement tools have become standard equipment for modern PCB producers. Depending on the mini SMT stencil cost, various types of SMT stencils are utilized during PCB construction.<br>

soldertools1
Download Presentation

A PCB Engineer's Complete Guide to SMT Stenciling

An Image/Link below is provided (as is) to download presentation Download Policy: Content on the Website is provided to you AS IS for your information and personal use and may not be sold / licensed / shared on other websites without getting consent from its author. Content is provided to you AS IS for your information and personal use only. Download presentation by click this link. While downloading, if for some reason you are not able to download a presentation, the publisher may have deleted the file from their server. During download, if you can't get a presentation, the file might be deleted by the publisher.

E N D

Presentation Transcript

  1. Eliminate The Risk Of Bad Debt With Trade Credit Insurance

  2. Trade credit insurance policy protects against the risk of customers failing to pay for the goods and services they have received. It provides valuable financial protection in case a sub- contractor or customer defaults, especially for industry sectors dealing with challenging cash flow cycles and payment terms. A trade credit insurance policy is an efficient way of protecting your business against the risk of unpaid receivables for sales done on a credit basis, like export and domestic sales. How Does It Work? The insurer effectively buys your bad debt exposure risk in a trade credit insurance policy. If your customer cannot make the payment or goes into insolvency, you can recoup any non-payment losses by claiming your business’s trade credit insurance. The insurer also pays the claim; thus, your cash flow is protected. The Bankruptcy of A Customer A customer’s bankruptcy can make a full collection on an invoice virtually impossible. Hence, many organizations opt for trade credit insurance, and it helps them feel more comfortable lending with accounts receivables that are used as collateral. Foreign Trade Issues Many issues, like communication and culture issues, unforeseen cancellation of permits, serious global political events, government interventions, expropriation, or currency inconvertibility, can arise in international trade that can prevent or seriously delay payment.

  3. Customer Responsiveness An organization must respond quickly when a business opportunity for increased sales arises. They need the capability to thoroughly and promptly analyze potential customers’ viability and financial stability, or they may risk missing a sales opportunity. A trade credit policy will provide this service by accessing extensive information databases to quickly assess a customer’s viability, including the payment profile, solvency, trading history, risk, and some intangibles. The provider can also monitor critical accounts, eliminating the cost of doing it in- house. Financial Stability In an average company, the receivables make up to 40% or more of its balance sheet assets; this has a major impact on cash flow and how investors and banks view the company’s financial viability. With trade credit insurance, the company can get better financing terms and a lower interest rate if its receivables are insured. The company can also avoid bad debt losses and reduce or eliminate the bad debt reserve. The loss on a profit and loss statement due to a bad debt can be severe because if the business operates on a low margin and cannot collect the debt, it has to generate much more in top-line sales. Competitive Advantage The insurance allows the firm to match its competitor’s credit limit and pay terms quickly. Business Growth With Confidence

  4. So, in short, a trade credit insurance policy can help a company in the following ways: Protecting against risks that are out of their control. Improving the bottom line quality of the business. Increasing profits and reducing risks of unforeseen customer insolvency. Letting the company offer credit to new customers. Improving funding access at competitive rates. Optimizing bank financing by inspiring trade receivables. Supplementing credit risk management. Protecting from anticipated earnings restatement. Maintaining cash flow and profitability. Paving the way for better borrowing and financing options. Helping to prevent losses before they occur. Protecting budgets and business plans. Improving credit decisions. Reducing and quantifying bad debts. Increasing the firm’s profitability.

  5. Providing a secure path for clients’ information screening. Shielding the company’s investors and stakeholders. Helping to grow sales with self-assurance. Protecting the company’s Income Statement and Balance Sheet against bad debt. The Bottom Line For all businesses, it is important that they protect themselves against the potential domino effect of late payments and customer insolvency. Trade credit insurance can help them enter into transactions on credit with greater confidence. Source :- https://blavida.com/eliminate-the-risk-of- bad-debt-with-trade-credit-insurance/

More Related